Lead MEP demands clearer and simpler procedure on relocation

EU Parliament rapporteur Danuta Hübner has written a draft report that emphasises the need to "mitigate the discretionary nature" of a draft plan that could force large non-European Union central counterparty clearing houses (CCPs) to relocate to inside the bloc.

By Jean Comte

02 Feb 2018

"The process of denying recognition should be made more fact-based and evidence-based," reads the text, obtained by GlobalCapital. The conservative Polish member of EU Parliament appeared sceptical of the initial proposal, which would allow the EU Commission broad discretion in deciding whether to force "systemic" non EU
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